Jersey Mike’s (NYSE:JMKE) Shareholders Set to Receive $0.35 Special Dividend

Jersey Mike’s (NYSE:JMKE) declared a special dividend on Monday, October 26th. Shareholders of record on Thursday, November 5th will be given a dividend of $0.35 per share on Thursday, November 19th. The ex-dividend date of this dividend is Thursday, November 5th.

Jersey Mike’s Stock Up 3.0%

Shares of NYSE:JMKE opened at $18.85 on Tuesday. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.36. The company’s 50-day moving average price is $18.92. Jersey Mike’s has a 12 month low of $15.96 and a 12 month high of $24.99.

Jersey Mike’s (NYSE:JMKE) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.07. The business had revenue of $209.00 million for the quarter. The company’s quarterly revenue was up 10.0% on a year-over-year basis. Equities analysts expect that Jersey Mike’s will post 0.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on JMKE shares. Mizuho cut their price objective on Jersey Mike’s from $31.00 to $29.00 and set an “outperform” rating on the stock in a research report on Thursday, September 10th. BTIG Research dropped their price target on Jersey Mike’s from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, October 29th. Loop Capital initiated coverage on shares of Jersey Mike’s in a report on Monday, August 24th. They issued a “buy” rating and a $40.00 price target on the stock. Robert W. Baird started coverage on shares of Jersey Mike’s in a research report on Monday, August 24th. They set an “outperform” rating and a $27.00 price objective on the stock. Finally, TD Cowen restated a “buy” rating and issued a $22.00 price objective on shares of Jersey Mike’s in a report on Wednesday, October 28th. Twenty-one analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $26.96.

Jersey Mike’s Company Profile

Jersey Mike’s, commonly known as Jersey Mike’s Subs, is a fast-casual restaurant company focused on submarine sandwiches and related food offerings. Its menu includes hot and cold subs, wraps, salads, beverages and desserts, with catering services also available at many locations.

The business operates primarily through a franchise-based model under the Jersey Mike’s Subs brand. Restaurants are known for preparing sandwiches to order, including sliced meats and cheeses, fresh vegetables and the company’s signature “Mike’s Way” preparation.

Jersey Mike’s traces its roots to 1956, when the original submarine shop opened in Point Pleasant, New Jersey.